Kimber Digital Securities secures broker-dealer license for onchain US assets

The Plume-affiliated firm now has SEC registration and Finra membership, adding a regulated trading layer for tokenized US securities Tokenization has long had a paperwork problem. Kimber Digital Securities (KDS) just took care of a large piece of it. The firm, affiliated with Kimber Labs and the Plume blockchain network, has registered with the Securities and Exchange Commission (SEC). It also won membership approval from the Financial Industry Regulatory Authority (Finra). Together, those approvals make it a licensed broker-dealer. What the license actually unlocks Think of a broker-dealer as the licensed middleman of American securities markets. If you want to legally arrange trades in regulated securities for customers, you generally need this status. You also need it to answer to both the SEC and Finra, the industry’s self-regulatory watchdog. KDS now has both. That gives Plume’s ecosystem a regulated channel for handling tokenized US securities rather than routing around the rules. The broker-dealer approval also stacks on top of a credential KDS already held. The firm was already an SEC-registered transfer agent. A transfer agent is essentially the official record-keeper of ...